Latvian central bank boss detained by anti-corruption force

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Image copyright Reuters Image caption No official reason has yet been given for Mr Rimsevics’ detention The head of Latvia’s central bank, Ilmars Rimsevics, has been detained by the country’s anti-corruption agency. His home and offices at the Bank of Latvia were both raided by officers. The country’s Corruption Prevention Bureau gave no details about [...]

£10,000 proposed for everyone under 55

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Image copyright Getty Images Image caption What would you do with £10,000? The government should give £10,000 to every citizen under 55, a report suggests. The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it could pave the way to everyone getting a basic state wage. The idea sees two [...]

Steel pensions scheme victim to ‘major mis-selling scandal’

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Image copyright Getty Images British Steel pension scheme members were targeted by “vulture” financial advisers after Tata was allowed to offload its retirement fund, MPs say. In 2017 the Indian firm announced a restructuring of the £14bn fund to keep its UK loss-making operations afloat. But the government, Tata and regulators failed to protect 124,000 [...]

Divorcing couples may clash over Bitcoin

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Image copyright Getty Images Divorcing couples are being warned to disclose all their assets amid fears that some may use digital currencies such as Bitcoin to hide their wealth. Lawyers suggest that the anonymous nature of these digital currencies could prove tempting to those involved in an acrimonious split. One solicitor said she had seen [...]

Heathrow duty free Chinese discrimination ‘unacceptable’

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Image copyright Getty Images Image caption Chinese shoppers were offered different rates to non-Chinese travellers Heathrow Airport have said a duty free discount event run by its commercial partner World Duty Free which offered different rates to Chinese and non-Chinese customers at the weekend was “unacceptable”. Chinese travellers were asked to pay a minimum spend [...]